The United Company Foundation
The United Company Foundation is a private 501(c)(3) foundation established in 1986 and headquartered in Bristol, Virginia. The foundation was created to provide assistance to charitable organizations in its local community and surrounding areas. It operates as a private non-profit entity providing grants to eligible 501(c)(3) tax-exempt organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$55.3M
+11.5% YoY
Annual Giving
$2.7M
+12.6% YoY
Grant Count
96
-11.9% YoY
Avg Grant Size
$28K
+27.8% YoY
Under IRS private-foundation payout rules, The United Company Foundation reported a distributable amount of $2.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to assist those in need of help by providing assistance with food, shelter, clothing, education, youth programs, the arts, health, and wellness. The foundation aims to improve the quality of life in its community through financial grants to 501(c)(3) charitable organizations and philanthropic ministries.
Primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and Culture
- Health
- Hunger and Food Security
- Support for the Economically Disadvantaged
Grantmaking
The foundation operates several direct programs:
Grant Range
$10,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Virginia, Tennessee, and Maryland. The foundation also supports initiatives across multiple states including Arizona, California, Kentucky, Louisiana, North Carolina, New Hampshire, Ohio, Pennsylvania, South Carolina, Washington, and West Virginia. It funds both major cities and smaller communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue (2024):
- Total Assets: $55,322,271
- Total Revenue: $5,269,135
- Total Expenses: $3,221,546
- Net Income: $2,047,589
- Total Liabilities: $334,000
Annual Giving: $2,733,348 (2024)
The foundation has been tax-exempt since January 1987.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $55,322,271 | $49,601,884 | $45,425,457 |
| Revenue | $5,269,135 | $3,293,117 | $3,143,121 |
| Expenses | $3,221,546 | $3,041,262 | $3,391,591 |
| Qualifying Distributions | $3,318,525 | $2,976,859 | $2,781,507 |
| Net Investment Income | $4,918,106 | $3,054,166 | $2,870,947 |
| Distributable Amount | $2,574,830 | $2,305,694 | $2,385,036 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from The United Company Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ballad Health Foundation ($350,000), Feeding America Southwest Virginia ($200,000), Appalachian Highlands Community Dental Center ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALICE LLOYD COLLEGE PIPPA PASSES, KY | SCHOLARSHIPS FOR NEEDY STUDENTS | $25,000 |
| APPALACHIAN HIGHLANDS COMMUNITY DENTAL CENTER ABINGDON, VA | SUPPORT OF CLINIC EXPANSION AND ONGOING OPERATION | $100,000 |
| BACKPACK BLESSINGS INC GRUNDY, VA | BACKPACK PROGRAM IN BUCHANAN CO. VA | $5,000 |
| BALLAD HEALTH FOUNDATION JOHNSON CITY, TN | FUND NEW MOBILE COACH AND 3D MAMMOGRAPHY UNIT | $350,000 |
| BARTER FOUNDATION INC ABINGDON, VA | FUND INNOVATIVE, UNDUPLICATED EDUCATION PROGRAMMING | $50,000 |
| BIRTHPLACE OF COUNTRY MUSIC ALLIANCE BRISTOL, VA | SUPPORT FOR CONTINUATION OF MUSEUM'S EXTENSIVE EDUCATIONAL RESOURCE PROJECT | $25,000 |
| BLUEFIELD COLLEGE BLUEFIELD, VA | SCHOLARSHIPS FOR OFF-SITE TRAINING IN CHRISTIAN MINISTERIAL LEADERSHIP CLASSES | $50,000 |
| BOB JONES UNIVERSITY GREENVILLE, SC | EDUCATION - TUITION | $13,828 |
| BOB JONES UNIVERSITY GREENVILLE, SC | EDUCATION - BOOKS | $502 |
| BOY SCOUTS OF AMERICA SEQUOYAH COUNCIL JOHNSON CITY, TN | SEQUOYAH COUNCIL CAPITAL PROGRAM - CAMP DAVY CROCKETT | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Staff:
| Name | Title | Compensation |
|---|---|---|
| James W. McGlothlin | Chairman/Director | $0 |
| Israel O'Quinn | President/CEO | $54,000 |
| Claire Davis | Executive Director | $75,000 |
| Fay H. Street | Secretary/Director | $0 |
| Barbara J. Bjerke | Treasurer | $0 |
| Julia K. Smith | Assistant Secretary | $0 |
| Frances G. McGlothlin | Director | $0 |
| Martha McGlothlin Bowman | Director | $0 |
| David A. Street | Director | $0 |
| Lauren Street Wagner | Director | $0 |
| Lois A. Clarke | Director | $0 |
| Tollisa Prater | College & Career Counselor | $55,000 |
The foundation has 3 employees on staff.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES W MCGLOTHLIN | CHAIRMAN/DIRECTOR | 5 | — |
| ISRAEL O'QUINN | PRESIDENT/CEO | 10 | $54,019 |
| FAY H STREET | SECRETARY/DIRECTOR | 1 | — |
| BARBARA J BJERKE | TREASURER | 1 | — |
| CLAIRE DAVIS | EXECUTIVE DIRECTOR | 20 | $75,000 |
| JULIA K SMITH | ASSISTANT SECRETARY | 1 | — |
| FRANCES G MCGLOTHLIN | DIRECTOR | 1 | — |
| MARTHA MCGLOTHLIN BOWMAN | DIRECTOR | 1 | — |
| DAVID A STREET | DIRECTOR | 1 | — |
| LAUREN STREET WAGNER | DIRECTOR | 1 | — |
| LOIS A CLARKE | DIRECTOR | 1 | — |
Contact Information
- Address: 295 United Ave, Bristol, VA 24201-3389
- Phone: 276-645-1436
- Website: www.unitedcofoundation.org
Frequently Asked Questions
What does The United Company Foundation fund?
The foundation's mission is to assist those in need of help by providing assistance with food, shelter, clothing, education, youth programs, the arts, health, and wellness. The foundation aims to improve the quality of life in its community through financial grants to 501(c)(3) charitable organizations and philanthropic ministries. Primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts and Culture • Health • Hunger and Food Security • …
How do I apply for a grant from The United Company Foundation?
**Grant Activity:** • 96 grants awarded in the most recent fiscal year • Median grant size: $10,000 • Grant range: $85,000 to $350,000 • Typical awards: $13,000 to $350,000 • Total giving: $2,733,348 (2024) **Program Examples:** The foundation operates several direct programs: • **College and Career Counseling**: A college and career counselor works at Mountain Mission School in Grundy, Virginia, assisting students with college applications, financial aid, and matriculation procedures. The coun…
Where does The United Company Foundation make grants?
The foundation primarily funds organizations in Virginia, Tennessee, and Maryland. The foundation also supports initiatives across multiple states including Arizona, California, Kentucky, Louisiana, North Carolina, New Hampshire, Ohio, Pennsylvania, South Carolina, Washington, and West Virginia. It funds both major cities and smaller communities.
What size grants does The United Company Foundation award?
In 2024, The United Company Foundation awarded 96 grants totaling $2.7M — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is The United Company Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The United Company Foundation reported a distributable amount of $2.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The United Company Foundation's EIN?
The United Company Foundation's EIN (Employer Identification Number) is 54-1390453. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The United Company Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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